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For sale
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$499,900

Estimated value $475K–$525K

Est. $2,342/mo mortgage

4bd·2ba·2,000-2,500sqft

281 Hill Street · London East, N6B 1E1

MLS® X13684482

47 days on market47 days on market

Listed Aug 17, 2026

Listing courtesy of Century 21 First Canadian Corp·Updated 6 days ago

Description

Fantastic Duplex - Core Area classic yellow brick 2 storey Building. Featuring 2 spacious renovated 2 bedroom apartments. Trendy units, good layouts, lots of parking, tenant pays hydro, water, all on separate meters. Single car detached garage detached in the rear (could be rented for extra income). Located steps from BRT corridor with easy access to downtown. Excellent rental area. Building is very well maintained. Large Lot - Great for Additions or create extra units - R3-4 Zone!

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Property details

Interior

Size
2000-2500 sqft
Rooms
8 rooms · 2 kitchens
Bathrooms
2 × 4-piece
Basement
Partial Basement, Unfinished
Heating
Forced Air
Cooling
Other

Building & lot

Type
Duplex, 2-Storey
Lot size
38 × 126 ft
Exterior
Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Detached
Parking
4 spaces

Fees & taxes

Property tax
$2,515/yr (2026)

Estimated value range

$475K–$525K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Old East Village →

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly paymentest. $2,997/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$301
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,997
Land transfer tax$6,473 on closing

Ontario LTT

$6,473

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$499,900

Listed Aug 17, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

324 Ridout Street, London SouthSold

324 Ridout Street, London South

4 bd·2 ba·2,000-2,500 sqft
578 Waterloo Street, London EastSold

578 Waterloo Street, London East

5 bd·2 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Downtown London

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.7% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$572,000

Sale-to-list ratio

97.7%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $124,000 household income

Minimum household income required

$124,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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